Interwoven's president and chief executive officer, John Van Siclen, has resigned. The content management software supplier also said that its preliminary quarterly financial results show a loss per share.
Company chairman Martin Brauns will fill in as interim chief exeutive officer until a replacement is named.
Van Siclen joined Interwoven in 1999 as vice-president of business development and later was promoted to chief operating officer. He became president in January 2002.
Interwoven will report final quarterly results on 17 April, but said that it expected total revenue in the range of $24.5m (£15.7m) to $25.5m.
The pro forma net loss excludes amortisation of intangible assets of about $500,000 (£320,000), amortisation of deferred stock-based compensation of about $500,000 and restructuring charges between $1m (£640,000) and $1.5m.